Kapadia compensation agreementDoes anyone know if this agreement is still in place. The latest I could find is 2015. It orginally was for 10 years in 2010 and renewed for 5 years.
Do you think Star really has $1,500,000 to make Kapadia go away?
The Corporation may terminate the Kapadia Employment Agreement for cause, or without cause upon providing Mr. Kapadia with 14 days’ notice of termination and 60 months’ salary plus royalties. A portion of Mr. Kapadia’s salary is accrued on a monthly basis. The Compensation and Corporate Governance Committee is currently reviewing compensation packages for all Named Executive Officers.